MARKET WATCH: Brevard Single Family Home Median Sales Price Up 3.3% to $225,295

By  //  December 28, 2018

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Median Sales Price for Townhomes/Condos is up 3.3% to $165,250

WATCH: The median sales price for a Brevard County single-family home is up 3.3% to $225,295, compared to a year ago, which was $218,000, according to the latest housing data released by Florida Realtors.

BREVARD COUNTY, FLORIDA – The median sales price for a Brevard County single-family home is up 3.3% to $225,295, compared to a year ago, which was $218,000, according to the latest housing data released by Florida Realtors.

Florida’s housing market reported more sales, more new listings and higher median prices in November compared to a year ago.

Sales of single-family homes statewide totaled 20,578 last month, up 3 percent compared to November 2017.

November marked 83 months-in-a-row (more than six and a half years) that statewide median sales prices for both single-family homes and condo-townhouse properties increased year-over-year.

Recap of the Brevard County Residential Report for November 2018:

• Closed Sales are down -9.2% for November 2018 in which the number of units closed was 683 compared to 752 in November 2017, with a decrease in cash sales of -17.1% compared to November 2017.

• New Pending Sales are down -14.7% and New Listings are up 1.9%.

• The Median Sales Price for Brevard Single Family homes is up 3.3% to $225,295 compared to a year ago, which was $218,000.

• Months Supply of Inventory is up 25% to 3.5 months, an increase from 2.8 months in 2017.

• Traditional Sales are down -7.9%, with a median sales price of $230,000.

• Foreclosure/REO Sales are down -30%, with a median sales price of $145,000.

• Short Sale Closings are down -75%, with a median sales price of $300,000.

Recap of the Brevard County Residential Report for November 2018.

Recap of the Brevard County Townhouses/Condos for November 2018:

• Closed Sales are down -1.5% for November 2018 in which the number of units closed was 192 compared to 195 in November 2017, with a decrease in cash sales of -11.9% compared to November 2017.

• New Pending Sales are down -15.8% and New Listings are up 8.6%.

• Median Sales Price for Townhomes/Condos is up 3.3% to $165,250 compared to a year ago, which was $160,000.

• Months Supply of Inventory increased to 3.8 months in November 2018 from 3.4 months in November 2017.

• Traditional Sales are down -0.5%, with a median sales price of $174,940.

• Foreclosure/REO Sales were down -11.1% with a median sales price of $87,000.

• Short Sale Closings are down -50% with a median sales price of $128,000 in November 2018.

Recap of the Brevard County Townhouses/Condos for November 2018.

ABOUT THE AUTHOR

Bobby Freeman

Bobby Freeman

Bobby Freeman, a lifetime resident of Brevard County, has been a top Realtor in the area for two decades. In his first year as an agent, Freeman received a Rising Star award from his Brokers. Since then he has achieved numerous sales awards including the prestigious RE/MAX Hall of Fame Award.

Freeman, Jennifer McCoy and Nikki McCoy-Freeman are family partners for RE/MAX Elite’s McCoy-Freeman Group. Together they have more than 30 years of extensive experience in all aspects of the real estate industry and have sold over $300 million.

Among McCoy-Freeman Group’s achievements are RE/MAX Hall of Fame, RE/MAX Platinum Club, Certified Luxury Home Marketing Specialist (CLHMS), Certified Distressed Property Experts (CDPE), Accredited Buyer’s Representative (ABR) and voted Best Realtor in Brevard County.

The group has been featured in many news publications including CNN Money Magazine, CNNMoney.com, WFTV 9 News, News 13, WKMG News 6, Coastal Condo Living Magazine, Hot Retirement Towns Magazine and SpaceCoastDaily.com.

For more information log on to BrevardRealtyConnection.com

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